KEVIN NASH GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.3 in the financial statements, which states that the company has incurred losses for this and the previous year and is forecasting further losses for the following year, although does have current net assets at the balance sheet date. The directors are implementing a restructuring plan to cut the cost base, including property sales in a fellow subsidiary company, to improve the cash position, return to profitability and retain a positive balance sheet. This, along with the other matters as set forth in note 1.3, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

1. KEVIN NASH GROUP LIMITED 2022-02-16 → present
2. KEVIN NASH GROUP PLC 1992-02-19 → 2022-02-16

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Rickard Luckin Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.3 in the financial statements, which states that the company has incurred losses for this and the previous year and is forecasting further losses for the following year, although does have current net assets at the balance sheet date. The directors are implementing a restructuring plan to cut the cost base, including property sales in a fellow subsidiary company, to improve the cash position, return to profitability and retain a positive balance sheet. This, along with the other matters as set forth in note 1.3, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “After the year end date the Company implemented a restructuring plan post the year end to heavily reduce the cost base including a significant headcount reduction and taking the decision to cease bait manufacturing (with the latter ceasing in September 2025).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.7%

  £14,216,873 → £14,461,522

• Cash

  +128%

  £121,051 → £276,050

• Net assets

  -29.1%

  £6,925,001 → £4,911,727

• Employees

  +6%

  100 → 106

  highest in 6 filed years

• Operating profit

  +34.4%

  -£3,375,079 → -£2,214,846

• Profit before tax

  +41.2%

  -£4,492,655 → -£2,641,109

• Wages

  +19.2%

  £3,170,302 → £3,778,428

  highest in 6 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers